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Home Q & A Board Other Fields Homework Help Business Accounting
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majestico majestico
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6 years ago
The Harvester Corporation issued 50 shares of $20 par value stock to its accountant. The shares are in full payment for her $900 fee for assistance in setting up the new company. The entry to record the issuance of the stock would include a:
A) debit to Common Stock for $900.
B) credit to Common Stock for $900.
C) debit to Common Stock for $1,000.
D) credit to Common Stock for $1,000.
Textbook 
College Accounting: A Practical Approach

College Accounting: A Practical Approach


Edition: 13th
Author:
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LaffioLaffio
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6 years ago
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majestico Author
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#2
6 years ago
This is excellent. Excellent answer
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